UiPath, Inc. $PATH Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its position in UiPath, Inc. (NYSE:PATH) by 113.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,984 shares of the company’s stock after buying an additional 62,828 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in UiPath were worth $1,934,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of PATH. AQR Capital Management LLC grew its stake in shares of UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after buying an additional 4,926,341 shares in the last quarter. Vanguard Group Inc. grew its stake in UiPath by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock worth $640,847,000 after purchasing an additional 2,251,434 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in UiPath by 122.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,021,200 shares of the company’s stock worth $51,471,000 after purchasing an additional 2,212,000 shares in the last quarter. Geode Capital Management LLC grew its stake in UiPath by 25.6% during the 4th quarter. Geode Capital Management LLC now owns 7,499,989 shares of the company’s stock worth $122,951,000 after purchasing an additional 1,528,454 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in UiPath by 95.7% during the 3rd quarter. Two Sigma Investments LP now owns 2,367,751 shares of the company’s stock worth $31,681,000 after purchasing an additional 1,157,987 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PATH shares. UBS Group lowered their target price on UiPath from $17.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Wells Fargo & Company lowered their target price on UiPath from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Mizuho lowered their target price on UiPath from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of UiPath in a research note on Friday, May 29th. Finally, Royal Bank Of Canada set a $14.00 target price on UiPath in a research note on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.87.

UiPath Price Performance

Shares of NYSE PATH opened at $11.26 on Friday. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96. The business has a 50-day moving average of $10.76 and a two-hundred day moving average of $12.83. UiPath, Inc. has a 1 year low of $9.20 and a 1 year high of $19.84.

UiPath (NYSE:PATH) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $418.38 million during the quarter, compared to the consensus estimate of $397.54 million. UiPath had a return on equity of 7.92% and a net margin of 19.58%.UiPath’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. As a group, equities research analysts expect that UiPath, Inc. will post 0.32 earnings per share for the current year.

UiPath Company Profile

UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.